The business market consists of all the organizations that acquire goods and services used in the production of other products or services that are sold, rented, or supplied to others. List the major industries that make up the business market
What will be an ideal response?
The major industries making up the business market are agriculture, forestry, and fisheries; mining; manufacturing; construction; transportation; communication; public utilities; banking, finance, and insurance; distribution; and services.
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Showery Drugs is a pharmaceutical company based in Detroit. Showery Drugs expects its employees to work long hours and achieve increased production rates. Employees earn one and a half times the usual hourly rate for working more than 40 hours in one week. Which law is Showery Drugs abiding by in this scenario?
A. product market laws B. laws governing equal employment opportunity C. Fair Labor Standards Act (FLSA) of overtime D. laws governing prevailing wages E. Fair Labor Standards Act (FLSA) of minimum wage
An individual appointed within an organization to settle disputes is called a(n) ________.
A. ombudsperson B. private judge C. arbitrator D. mediator
Ernst Elf pays his company's bill for two years of insurance coverage. The transaction
a. increases the drawing account and decreases an asset account; b. includes a debit to the cash account; c. decreases an asset account and a liability account; d. increases expenses; e. decreases one asset account and increases another asset account.
Imaging refers to:
a. pretending to be someone else. b. deliberately picturing your life as you would like it to be. c. None of the answers are correct. d. taking pictures of yourself at various stages of your life.